Coinbase Growth & Usage Statistics
- Total Accounts: 110 million as of December 2022.
- Monthly Active Users: 7 million transacting users in 2022, down from 11.2 million in 2021.
- Crypto Assets Under Management: $80 billion (2022), a 71% decline from $278 billion in 2021.
- Trading Volume: $468 billion in 2023, down 44% from $830 billion in 2021.
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Coinbase Revenue Breakdown (2023)
| Revenue Source | Amount (USD) | Change YoY |
|---|---|---|
| Transaction Fees (Retail) | $1.429 billion | -36% |
| Institutional Services | $69.501 million | -13% |
| Subscription & Services | $1.41 billion | N/A |
| Total US Revenue | $2.726 billion | 88% of total |
Key Insight: Over 87% of Coinbase’s $3.1 billion 2023 revenue came from the US market.
Coinbase Expense Analysis
- Operating Costs: $3.27 billion (2023), down 45% from $5.9 billion in 2022.
Top Expenditures:
- Technology/R&D: $1.32 billion
- General/Admin: $1.04 billion
- Marketing: $332 million (down 35% YoY).
Coinbase Workforce Trends
- Employees: 3,416 (2023), reduced by 24% from 4,510 in 2022.
Key Facts About Coinbase
- Leadership: CEO Brian Armstrong previously worked on payments at Airbnb.
- Market First: First U.S.-listed crypto exchange (NASDAQ: COIN).
FAQ
Q: How many active users does Coinbase have?
A: 7 million monthly transacting users in 2022, with 110 million total registered accounts.
Q: What caused Coinbase’s revenue decline?
A: Lower trading volumes and reduced crypto asset valuations impacted fees.
Q: Is Coinbase profitable?
A: In 2023, expenses ($3.27B) exceeded revenue ($3.1B), resulting in a net loss.
👉 Learn about crypto market trends
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